IMD Companies Inc. (OTC:ICBU) Stock Gains Momentum: Here is Why

On Tuesday, there were many stocks that gained momentum, and one of the notable ones was the IMD Companies Inc. (OTC:ICBU) stock. That came about after the company made a key new announcement about its product lineup.

iMD Companies and Its Subsidiary Riize Health Announce New Product Lines: Riize Hair & Riize Weight Maintenance

The company announced that it would begin marketing two new innovative products meant for the personal healthcare market. The company’s subsidiary unit, Riize Health, would work on the marketing of the new advanced men’s hair loss solution, Riize Hair.

The product had been made from a proprietary formulation combining biotin, minoxidil, and finasteride. The product would be made available in both the solution form as well as in the form of dissolving oral strips.

The Second Product

The other product that would be launched through Riize Health would be Riize Weight Maintenance, an oral dissolving strip bearing semaglutide. The product had been developed under the assumption that eventually the injectable semaglutide product would not be allowed for generic sales as per the regulation of the United States Food and Drug Administration.

In such a situation, the Riiize Weight Maintenance product could help in filling a significant void in the weight management market. The product would supply a microdose of semaglutide that would be enough to help in maintaining the weight loss already achieved by the customer.

Key Quote

“We feel these two new products will give us the opportunity to capture the attention of their respective markets through innovation and execution,” states Reilly Schueler, CEO of Riize Health. “It’s an exciting time to be a growing part of IMD Companies in expanding the Riize Health brand.”

Technicals

+/- EMA(20)	0.0043 (+30.23%)
+/- SMA(50)	0.0029 (+93.10%)
+/- SMA(200)	0.0011 (+409.09%)